ThomasM125
Expert Alumni

Get your taxes done using TurboTax

Yes, you need to enter the Form 1099-R information in TurboTax:

 

  1. Go to the personal income section of TurboTax 
  2. Find the Retirement Plans and Social Security menu option
  3. Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
  4. Choose Add a Form 1099-R 
  5. Choose I'll type it in myself
  6. Choose the 1st option to enter distribution from a 401-K  plan, retirement plan, IRA, etc...
  7. Enter you Form 1099-R information and answer the questions to allow TurboTax to determine how to enter your pension distribution on your tax return

Depending on which code you have in box 7 of your Form 1099-R, on one of the screens you may need to indicate that the funds were rolled over to a ROTH IRA:

 

And on another screen you may have to indicate that you made after-tax contributions to your 401-K plan:

 

Form 8606 will be populated automatically based on the entries you make in the Form 1099-R section.

 

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